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How to secure funding
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How to scale and grow your business
Broadening the Frame
When we need to make a decision, we tend to ask "What should we do?" However, it narrows our thinking to one right decision.
If we ask the question: "What could we do?" it broadens our decision-making frame, because we can consider multiple futures. Could ask what if, what else, and why not.
For example: Ask what would be the equivalent in your industry of something that’s working well in another.
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Outperforming the crowd
If you want to outperform the crowd, learn the following two essential skills.
- Generate ideas by broadening your decision frame.
- You must be able to distinguish between good and bad loner strategies. It is best done by embracing critical thinking.
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Two strategies
When it comes to setting strategy, there are benefits to both popular and loner strategies.
- Popular strategies are those that are identified by the crowds. The more people that choose a strategy, the better the strategy performs.
- Loner strategies are those that ar...
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Embracing Critical Thinking
Strategy development and internal reviews often center on precedents, trends, and due diligence. They address"what will happen." Change the question to "what may happen" :
- Role-play other parties.
- Listen to assumptions in the way a strategy is suppos...
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CURATED FROM
CURATED BY
The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.
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Raise Confident
That in the end finding certainty, that’s another story, but the main mission is exploring the possibility.
If it is possible then it can be confirmed. If it is possible 0.9, then it could be rounded to 1 certainty.
The Foraging Choice
It's the decision between using your current position and exploring other options. When we are stressed, we will rather hold on to our current position and exploit it than searching for another opportunity.
However, if we looked at our current position in context, we would be mor...
Mind The Limitations Of Your Brain
- Decide important things early in the day, else decision fatigue sets in.
- Have snacks to keep your glucose high, else your brain will respond more strongly to immediate rewards.
- Sleeping or working on something else let’s you unconsciously work on complex ...
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